THE
STATEMENT OF CHANGES IN FINANCIAL POSITION
(SCFP) & STRATEGIC DECISIONS
The
SCFP synthetizes all the strategic decisions
and explains the variation of the Working
Capital (WC)
Strategic
Decisions :
+ Investments -
divestments + Bonds issues - Bonds reimbursements
+ Stocks issues -Reduction of Equity - Dividend
paid = Variation of WC
Click
here to see the data of the group
STARWORLD
GROUP
Balance Sheets of Starworld Group |
In million CHF |
| |
End of Year |
|
2021 |
2022 |
2023 |
| Cash |
60 |
85 |
112 |
| Accounts Receivable |
232 |
278 |
362 |
| Inventory |
97 |
116 |
151 |
| Prepaid Expenses |
35 |
20 |
55 |
| Total of Current Assets |
424 |
499 |
680 |
| Property & Equipment |
2104 |
2469 |
2639 |
| Total of Assets |
2528 |
2968 |
3319 |
| Bank Payable |
126 |
179 |
383 |
| Accounts Payable |
116 |
139 |
181 |
| Accruals |
36 |
45 |
55 |
| Total Current Liabilities |
278 |
363 |
619 |
| LT Debts |
1050 |
1100 |
1050 |
| Common Stock |
900 |
1100 |
1100 |
| Retained Earnings |
300 |
405 |
550 |
| Total Owners' Equity |
1200 |
1505 |
1650 |
| Total Liabilities & Equity |
2528 |
2968 |
3319 |
| Income
Statements of Starworld Group |
2021 |
2022 |
2023 |
| Sales |
2784 |
3341 |
4343 |
| Cost of sales |
696 |
835 |
1086 |
| Salaries & Wages |
750 |
850 |
1050 |
| Depreciation |
300 |
350 |
400 |
| Other Expenses |
560 |
630 |
765 |
| Total Expenses |
2306 |
2665 |
3301 |
| EBIT |
478 |
676 |
1042 |
| Interest Expense |
42 |
33 |
21 |
| Profit Before Taxes (PBT) |
436 |
643 |
1021 |
| Income Taxes (30 %) |
131 |
193 |
306 |
| Profit After Taxes (PAT) |
305 |
450 |
715 |
Statement
of Change in Financial Position (SCFP)
Starworld
Group |
2022 |
2023 |
| Depreciation |
350 |
400 |
| PAT |
450 |
715 |
| IGF |
800 |
1115 |
| LT Debt borrowing |
50 |
0 |
| Issue of shares |
200 |
0 |
| Total of sources |
1050 |
1115 |
| Investment (capex) |
715 |
570 |
| Repayment of LT Debt |
0 |
50 |
| Dividends |
345 |
570 |
| Total of uses |
1060 |
1190 |
| Decrease
in Working Capital |
-
10 |
-
75 |
Click
here to see
How
to interpret a negative Working Capital
(*) Calculation
of net Investment (Capex)
Starworld
Group |
2022 |
2023 |
| Net Fixed Assets at the begining of the
year |
2104 |
2469 |
| Depreciation |
- 350 |
- 400 |
| Net Fixed Asset at the end of the year |
- 2469 |
- 2639 |
| Capital Expenditure
(Capex) |
715 |
570 |
(**)
Calculation of the Dividend
Starworld
Group |
2022 |
2023 |
| Retained Earnings at the begining of the
year |
+ 300 |
+ 405 |
| Profit After Tax (PAT) |
+ 450 |
+ 715 |
| Retained Earnings at the end of the year |
- 405 |
- 550 |
| Dividend |
345 |
570 |
© ECOFINE.COM, Bernard Jaquier, Professor in Economics and Finance, Switzerland, 2024
